Moogoong Terrace Inc

Analysis

Moogoong Terrace Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Moogoong Terrace Inc reported income of $969k and spending of $907k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $950k to $969k (+2.0%), an average of +0.5% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Moogoong Terrace Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Calais Methodist Home Inc ($968k), Voisins of Newburgh Inc ($969k) and Fish Friends in Service to Humanity of Northwestern Connecticut Inc ($968k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $289k. At year end it held assets of $2.0m against liabilities of $2.8m, net assets of -$736k. It reported 11 employees.